Alpha and Omega Semiconductor (NASDAQ:AOSL) Rating Increased to Buy at StockNews.com

Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

AOSL has been the topic of several other reports. Zacks Investment Research lowered shares of Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th. B. Riley decreased their target price on shares of Alpha and Omega Semiconductor from $79.00 to $65.00 in a research report on Tuesday, April 12th.

Shares of Alpha and Omega Semiconductor stock opened at $46.21 on Thursday. Alpha and Omega Semiconductor has a 12-month low of $23.66 and a 12-month high of $69.99. The company has a current ratio of 2.62, a quick ratio of 1.90 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.23 billion, a PE ratio of 2.95 and a beta of 2.47. The company has a 50-day moving average of $52.38 and a two-hundred day moving average of $47.81.

Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Rating) last released its quarterly earnings results on Monday, February 7th. The semiconductor company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.88 by $0.02. The business had revenue of $193.32 million for the quarter, compared to analyst estimates of $188.00 million. Alpha and Omega Semiconductor had a net margin of 60.82% and a return on equity of 15.15%. The company’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 earnings per share. On average, sell-side analysts forecast that Alpha and Omega Semiconductor will post 3.61 EPS for the current fiscal year.

In other news, EVP Bing Xue sold 4,024 shares of the firm’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $49.79, for a total value of $200,354.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mike F. Chang sold 56,400 shares of the firm’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $55.00, for a total transaction of $3,102,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,913 shares of company stock worth $4,055,047. 19.90% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in AOSL. FMR LLC increased its stake in Alpha and Omega Semiconductor by 38.5% during the 1st quarter. FMR LLC now owns 1,358,300 shares of the semiconductor company’s stock worth $15,634,000 after buying an additional 377,800 shares during the period. Royal Bank of Canada increased its stake in Alpha and Omega Semiconductor by 79.0% during the 2nd quarter. Royal Bank of Canada now owns 1,471 shares of the semiconductor company’s stock worth $45,000 after buying an additional 649 shares during the period. Wells Fargo & Company MN increased its stake in Alpha and Omega Semiconductor by 28.3% during the 2nd quarter. Wells Fargo & Company MN now owns 79,005 shares of the semiconductor company’s stock worth $2,401,000 after buying an additional 17,428 shares during the period. Morgan Stanley increased its stake in Alpha and Omega Semiconductor by 300.3% during the 2nd quarter. Morgan Stanley now owns 226,307 shares of the semiconductor company’s stock worth $6,876,000 after buying an additional 169,776 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Alpha and Omega Semiconductor in the 3rd quarter worth about $317,000. 60.38% of the stock is currently owned by hedge funds and other institutional investors.

About Alpha and Omega Semiconductor (Get Rating)

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, e-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.

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